Antares fetches $470M to move on military base reactor push
The three-year-old startup wants to get ahead of the government’s own deadline for operating a nuclear reactor on military property. Antares, a nuclear power startup that designs small modular reactors, has completed a $470 million Series C capital raise to move ahead on efforts to build those systems for U.S. military bases. For Antares, this new […]
DISA launches market research for combatant command migration
The Defense Information Systems Agency’s sources sought notice references a protest by General Dynamics IT without naming the company. The Defense Information Systems Agency has kicked off the market research portion of the corrective action it took in response to General Dynamics IT’s protest against DISA’s plan to expand the $11 billion Enclave contract. In a […]
Carlyle Group buys data protection tech maker
Secturion Systems is also bringing aboard a new chief executive as part of this transaction, which is Carlyle’s first in its middle-market play. The Carlyle Group has acquired a hardware encryption maker in a move that represents the global investment firm’s first such via its new platform focused on medium-sized companies. Secturion Systems opened for business […]
A playbook for thriving with OneGov and the FAR Overhaul
Contractors who cling to labor hours and PowerPoint pitches will almost certainly lose out. But the government’s requirements process still looks like the biggest bottleneck to change. The rules of the procurement game are being written as we speak, but government contractors should not wait for the dust to settle. Executives speaking at the GovExec Government […]
Leonardo DRS to acquire Raft for $450M
Leonardo DRS is looking to further build out its advanced sensing and network computing product portfolio. Leonardo DRS has agreed to acquire defense software integrator Raft for $450 million in cash as part of a push to incorporate data fusion and artificial intelligence into military systems. Raft CEO Shubhi Mishra started the company in 2018 to […]
GSA strikes new OneGov deal with CORAS
“This partnership with CORAS expands the range of AI-enabled capabilities available to agencies as they evaluate solutions that support mission and operational requirements,” according to Federal Acquisition Service acting Commissioner Laura Stanton. The General Services Administration has struck an agreement with CORAS, an enterprise decision management platform company, to provide federal agencies with discounted access to […]